23-10-2019
Business

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Should banks have to hold 100% of their deposits? Why or why not?

Respuesta :

fernandoalonsoc fernandoalonsoc

14-11-2019

Answer:

No, they dont have to hold the 100%.

Explanation:

Because banks use the money deposited to make loans to other clients. By general rule the Commercial Banks are required to keep only the 10% of each deposit made in an account.

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